Details emerged in court yesterday of the charges laid against five former directors and executives in connection with an alleged fraud involving South Canterbury Finance. The judge of the Timaru District Court continued to maintain a suppression order on publication of the names of the five defendants in New Zealand.The Timaru Herald reported that the charges include entering the Crown Guarantee Scheme by deception in 2008; omitting to disclose a related party loan of NZ$64 million, from SCF to the Southbury Group and Woolpak Holdings in a prospectus in 2008; failing to disclose related party loans of $19 million from SCF to Shark Wholesalers in a 2004 prospectus, and, in 2008 and 2009, breaching the Crown guarantee by lending $39 million to Quadrant Holdings Limited.The former CEO of South Canterbury Finance, Sandy Maier, told Fairfax Media that he was not one of those charged, and that Allan Hubbard, the former chair of SCF, who was charged with dozens of counts of fraud, had died in a car accident in October last year.